NTG NTG Nordic Transport Group

Major shareholder announcement due to closing of ITC Logistic GmbH

Major shareholder announcement due to closing of ITC Logistic GmbH

Company announcement no. 1 – 25

13 January 2025

Major shareholder announcement due to closing of ITC Logistic GmbH

Pursuant to Section 31 of the Danish Capital Markets Act, it is hereby announced that NTG Nordic Transport Group A/S (“NTG”) as of 10 January 2025 owns a total of 954,723 treasury shares of nominally DKK 20 (in total nominally DKK 19,094,460), hereby reducing its holding of treasury shares to less than 5% of the total share capital of NTG.

The decrease in treasury shares is a result of transfer of treasury shares to the seller of ITC Logistic GmbH as payment for 20% of the purchase price.

Additional information

For additional information, please contact:

Investor relations and press:

Sebastian Rosborg, Head of Investor Relations                                    






  

Attachment



EN
13/01/2025

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Jacob Berg Nielsen
  • Jacob Berg Nielsen

NTG (Buy, TP: DKK360.00) - Outlook weighed down by Germany

As Q4 gross profit and underlying earnings beat consensus, the 2025 EBIT guidance was a slight disappointment, with the expected contributions from recent M&A hit by tough market conditions in Germany. We find Road’s improved gross margin and Air & Ocean’s solid earnings encouraging, but evidence of successful M&A integration is likely needed to improve sentiment. We reiterate our BUY, but have cut our target price to DKK360 (375) on our reduced 2025–2026e earnings.

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